A 64000 euro loan can help for different things in life. So many take this loan to finance a vehicle.
Others, however, want to get rid of their debts or get an old loan on more favorable terms. The loan 64000 euros should be completed with a credit comparison.
Loan calculator – that’s how it works
At creditend, consumers can use a loan calculator for their 64,000 euro loan. This shows the providers who give such a loan.
So is the Bankive. This gives the loan 64,000 euros with an APR of between 3.99 percent and 10.99 percent. The monthly rate for this offer is 645.50 Euro. The term was set at 120 months, equivalent to ten years.
The Gen Service Bank does not charge a processing fee for the € 64000 loan. It offers the loan with a fixed rate of 5.95 percent. This results in a monthly rate of 703.92 euros for the customer.
At creditend the offer of extra-credit is displayed. The annual percentage rate is between 9.95 percent and 15.95 percent. It results in a term of 120 months, a rate of 828.96 euros.
Observe acceptance guidelines
With the 64000 euro credit the acceptance guidelines must be kept. At the Gen Service Bank, the applicant must be a civil servant or public employee. The customer must be employed at the same company for at least six months in this offer and no longer be in the trial period.
At extrakredit a permanent employment relationship must be presented. The client may be a civil servant or retired to apply for a loan request of 64000 euros. Proof of residence in Germany must be provided.
It is different with the Bankive. Here the customer only has to be employed for three months and only one month in the same company. So also here no probationary period may be present. If a temporary employment relationship exists, this may not end before the repayment term. The customer must be of legal age and be able to prove his place of residence in Germany.
What role does credit bureau play?
The credit bureau is not to think away with a 64000 euro credit. As with any loan, even a small loan, the credit bureau is always queried. The credit bureau stores unpaid bills, reminders and also garnishments.
In addition, there are also entries that prove that a loan has been fully repaid. From this information a score is determined. This score tells the bank when asked whether a loan can be redeemed 64,000 euros with high probability or not.
It does not itself determine the data of the consumer. To a large extent she will get this. The cooperation partners are credit institutions, leasing companies as well as insurance companies and debt collection agencies.
Should the score be bad, the bank can decide whether or not to give the customer a € 64000 loan. Some banks then rely on collateral. The customer then has to submit them so that a loan of 64,000 euros is awarded.
64000 euro credit – secure
If the € 64000 loan can only be taken out with credit protection, a credit guarantee should be given much thought. The loan is then paid only if a third person is ready to vouch.
This is only possible if the guarantor has an income that is attachable. The bank secures itself so that there will be no failure of the installments. Thus, the guarantor must be liable together with the borrower for the loan being repaid.
The guarantor signs the credit agreement and is required by law. The guarantee for the loan 64000 euros ends only when the loan has been paid off. Thus, the guarantor must only be used when the borrower no longer pays the installments.